Members Trust Co Purchases Shares of 1,627 Philip Morris International Inc. (NYSE:PM)

Members Trust Co bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,627 shares of the company's stock, valued at approximately $258,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Philip Morris International by 60.4% in the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock valued at $465,000 after acquiring an additional 1,455 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Philip Morris International by 5.1% in the 4th quarter. Harbour Investments Inc. now owns 12,410 shares of the company's stock valued at $1,494,000 after acquiring an additional 605 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PM. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Morgan Stanley restated an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Citigroup raised their target price on shares of Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $186.73.

Philip Morris International Price Performance

Shares of PM stock traded down $0.42 during trading hours on Friday, reaching $178.75. 4,649,814 shares of the company traded hands, compared to its average volume of 5,658,774. The firm has a 50-day moving average price of $178.64 and a 200 day moving average price of $158.16. Philip Morris International Inc. has a 12-month low of $106.76 and a 12-month high of $186.69. The company has a market cap of $278.23 billion, a P/E ratio of 36.86, a P/E/G ratio of 2.63 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The company's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.